Credit Card Security

Credit card fraud is a concern for all Americans, and with the introduction of EMV chip cards, counterfeit fraud at U.S. retailers has seen a decline. Despite the efforts of the major credit card companies and their EMV chip requirements, fraud has continued to rise as a whole, specifically at the gas pump. While the deadline for retail merchants to make the change to EMV enabled equipment or face a shift in...

Suggested State Legislation: This Act limits how long companies that process credit card and related electronic transactions can retain sensitive information such as card security code data and PINs after a transaction is made.